In a significant win for regulatory bodies, the Supreme Court has upheld the Delhi High Court’s decision, exempting the fees collected by the CERC and DERC from GST. This ruling dismisses demands for an 18% tax on regulatory fees, affirming…
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The Karnataka High Court has quashed an IGST demand on Alstom Transport India, ruling that salaries paid to seconded foreign employees are not taxable manpower supply services under GST. The court emphasised the employer-employee relationship and cited a CBIC circular…
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Brought in 2023 on the recommendation of the GST Council, Rule 31B of the CGST Rules states that in the case of online gaming, the “value of supply” shall be the amount paid or deposited with the gaming service provider.…
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Indian IT giant Infosys on Wednesday increased the lower end of its annual growth forecast for the current fiscal year after reporting better-than-expected results for the June quarter. The Bengaluru-headquartered firm also reported a 8.6 on-year increase in net profit…
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INDIA-CENBANK/BULLETIN (PIX)India’s economy holding up despite global uncertainties, central bank bulletin says
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This transformation, starting in 2017, is attributed to sustained government support, and strategic integration into global value chains (GVCs) with a sharp policy pivot towards exports with the launch of the Production Linked Incentive (PLI) Scheme in 2020, according to…
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